US Hotel Occupancy Falls in Week Ended May 28
June 3, 2022 | S&P Global Market Intelligence
Occupancy at U.S. hotels decreased to 66.5% during the week ended May 28 from 68.6% in the previous week, according to data from STR Inc., which tracks the hospitality industry.
However, the occupancy rate was up 3.2% from the same week in 2019.
STR is measuring recovery against comparable time periods from 2019 due to the pandemic impact.
Average daily rate climbed 22.2% to $151.73 during the week and revenue per available room jumped 26.2% to $100.97.
Phoenix scored the highest performance increases across the board compared with 2019. Occupancy rose by 19.6% to 69.9%, ADR jumped by 50.8% to $149.06 and RevPAR soared 80.4% to $104.14.
San Francisco had the largest decline in occupancy, slipping 13.7%, to 69.3%. It also recorded the only RevPAR decline compared with 2019, falling 16.5% to $141.21.
